Rolling Transport & Storage Corporation wants to insure its warehouse to obtain the maximum possible recovery for the lowest possible premium. To obtain the maximum recovery under a coinsurance clause, the percentage of the value of the property that should be insured is
A. 80 percent.
B. 90 percent.
C. 100 percent.
D. 120 percent.
Answer: A
You might also like to view...
Which of the following is TRUE of skills giving by American companies?
a. Based on surveys, most very large companies have official volunteer-skills-giving programs for employees. b. Volunteering skills provides much more benefit to those in need than does financial giving. c. “Full day” volunteering is typically frowned upon by major companies. d. Large companies usually choose for employees the types of giving in which they will participate.
The internal rate of return is the rate at which a project's net present value is zero
Indicate whether the statement is true or false
During which of the following steps in the Deloitte & Touche five-step process to embed ethics and values within the culture of the firm does management ask its employees via surveys and interviews what their assessment of the firm’s culture is?
a. Review of current compliance program b. Review of current ethical policies and procedures c. Risk/cultural assessment d. Development of an ongoing self-assessment of the compliance program
Which of the following statements is true of sales promotions?
a. Public relations cannot effectively be used with sales promotions. b. Sales promotion is a type of direct marketing. c. Marketers view sales promotion as an attempt to create a long-term, committed relationship between customers and salespersons. d. Sales promotions include experiential marketing whereby marketers create events that enable customers to connect with brands.